Vat audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 May 2014 We have Branch Transfers of more than 60 lakhs in the financial year and no other sales or purchase. Are we liable for VAT Audit under MVAT Act, 2002??
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Amol S Joglekar

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Amol S Joglekar (Expert)
31 May 2014 branch transfer are interstate or within maharashtra? Interstate....go for vat audit
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Querist : Anonymous

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Querist : Anonymous (Querist)
31 May 2014 May I know under which section of the Act is this mentioned?
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Amol S Joglekar

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Amol S Joglekar (Expert)
31 May 2014 The definition of sales/turnover.
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